According to published in last Friday's data, the August index of business climate in the manufacturing sector of EMC was 47.9 Fri against 46.3 in July this year, and was thus slightly higher than analysts had expected an average value of 47,8 Fri

sale on the secondary housing market in the U.S. last month rose to the level of 5.24 million at an average prognosis, in this case equals 5.00 million and 4.89 million in June 2009

substantial additional support for the bull trend of the world segment on highly risky investments, apparently, had a statement on Friday the Fed Chairman BS Bernanke.

Reserve again quite clearly expressed its position that does not think the current macroeconomic conditions are favorable enough for the beginning of folding in the foreseeable future monetary policy of expansion. On the other hand, according to the Fed, the high level of international cooperation in the field of crisis management and developing greater control over the processes of governing structures in macroeconomics and finance are the guarantee of future success in overcoming the problems associated with the reduction in financial support for a centralized economy to the extent of its recovery.

Against this background, the EUR /USD continued to increase, reaching up to the last trading day week 1.4335.

output in the next few days, large amount of important macroeconomic statistics, may cause some increase in volatility of financial markets. However, in general, the chances of some further appreciation of the euro against the U.S. currency, supported by quotations sector investment in risk at the end of this - the beginning of next month is possible.

by 10:30 Moscow time on Monday, the ruble RF to the USD and against the currency basket of the MICEX amounted to 31,51 and 37,63 rub. against, respectively, 31.89 and 37.99 rubles. in morning trading Friday.

Quotes of Russia's currency on the international FX remained at levels close to important resistance levels that, from a technical point of view, it is a factor limiting their growth potential in the short run.

However, in the coming weeks, the decline in the relative value of RUB on the world market may continue even in a favorable result in the development of the situation on financial markets of Russia. Expected in the medium term, strengthening the centralized financial support domestic consumption and investment in, perhaps, relatively smooth process for improving the performance of Russia's external payment will contribute to the development of this trend.

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Following Friday the local stock market experienced a sure increase in quotes. RTS index added 3.14%. MICEX index grew at 4.06%. Trading volumes increased to a maximum of one week.

decline on Friday morning quickly gave way to shopping, which lasted until the closing of the day, which led the MICEX index in the region 1100 points.

Bidding expected to begin Monday with gap up. The immediate aim of growth in the MICEX Index is located in the vicinity of 1120-1130, then 1150-1170 points.

breakdown of resistance in the vicinity of 1130 points, is likely to lead to the resumption of the uptrend with the main objective in the region of 1200-1300 points. In the region of 1200 points present risk of the formation of double peak.

U.S. stock indices closed higher on Friday assured. Better the market feel of paper oil and gas companies against the backdrop of the resumption of growth in commodity prices.

contributed to strong growth figures for sales in the secondary housing market, the USA (7,2%), as well as the words of Ben Bernanke to restore the world economy.

At the auctions in Asia continue shopping. Leadership retain paper commodity companies, which should provide substantial support to Russia's market.

Futures on the SP 500 during Friday confidently updated local maxima in the region of 1015 points, continuing the growth in the Asian session. Currently, futures traded at around 1,030 points. The next goal of growth is expected in the region of 1050 points. Main support - District 1000-1015 points.

Futures on the RTS during the evening trading session continued movement in the area of 107 000 points. Immediate objectives of growth for today - 109 000, 111 000-112 000 points. Stop long positions can be placed below 106 000, or 104 000 points.

The main news and macroeconomic data of the week:

- Monday, 13.00 Moscow time industrial orders in the EU;

- Tuesday, 18.00 Moscow time index of consumer confidence, investor confidence index, index of home prices in the U.S. (FHFA House Price Index);

- Wednesday, 16.30 Moscow time, orders for durable goods 18.00 Moscow time, sales in the primary market of housing, 18.30 Moscow time, oil and petroleum products;

- Thursday, 16.30 Moscow time the U.S. GDP for the second quarter, applications for unemployment benefits;

- Friday, 13.00 Moscow time index of consumer confidence index of confidence in the services sector the EU, 16.30 Moscow time the cost /income U.S. consumers, 17.55 Moscow time index of consumer sentiment from the University of Michigan.

positive external background. America to close higher, oil and gas sector is moderately better than the market, the financial sector at the market. Asia is trading up.

The final recommendations:

Investor - buy;

speculators - play to improve.

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